Key features

Also suitable for subdivision or as a serviced office business. Part air conditioned.

21 car parking spaces

Full description

Tenure:Freehold

LOCATION: Stowmarket is a busy market town adjoining the A14 between Ipswich and Bury St Edmunds. Stowmarket Railway Station is on the Norwich to London main line and
provides a service to Liverpool Street with a journey time of approximately 1 hour 40 minutes.

The property is located on the southern side of Creeting Road on the Tomo Industrial
Estate which is located east of Stowmarket town centre.

DESCRIPTION: The property comprises a part vacant, modern, two storey, self contained office building with a self contained 3 bay warehouse to the rear, which has been let. There is ample on site car parking. The office accommodation comprises a variety of partitioned and open plan office circulation areas with ancillary storage, kitchens, Disabled and male and female WCs and a shower room. The accommodation is mostly air conditioned and provides attractive and flexible office accommodation with a full I.T network and excellent
broadband capabilities.

PLANNING: The offices have planning permission for uses within Class B1 of the 1987 Use Classes Order, whilst the warehouse has planning as a warehouse within Class B8.

BUSINESS RATES: The property is assessed as follows:- Offices & Premises RV £42,500.
Rates payable for the offfices 2016/17 £21,122.50

TENANCY: The entire warehouse is let to Monumart Ltd for a term of 10 years from 8th August 2016 at a rental of £70,000 p.a exclusive plus Vat subject to a break clause and rent
review at the 5th year. A rent deposit is held; further information available on request.

TENURE: The overall property is held on a freehold tenure. There is a site security charge payable. Further details on application.
PROPOSAL: Offers invited in the region of £1,200,000 for the benefit of this part vacant, freehold investment, which is also ideally suited for owner occupation. This represents an
attractive capital value of around £500 per sqm. (£47 per sq ft) overall.

Alternatively the office building is available to let on terms to be negotiated at a commencing
rental of £40,000 Pax + Vat. Further information on request.

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Property reference TOMOHOUSEINVESTMENT.
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